WTI → $125.00 by Jun 2, 2026.

I have awaited in the depths to return for a strong enough reason. The Strait of Hormuz shipping channel is currently experiencing disruptions at a magnitude forecasted as near impossible by your average ivy-league coke-addicted commodity desk douchebag. Simply put, \*hundreds of tankers are awaiting pass through on both the Gulf side and coastline exits\* (proof linked) this situation does not seem to be resolving rapidly enough to prevent Covid-level structural cost inflation for the tankers, has and will continue …